The CME group has introduced plans to launch Solana (SOL) futures on its derivatives market on March 17. That is important as a result of it may simply pave the best way for the approval of the Solana ETFs.
CME Group To Launch Solana (SOL) Futures On March 17
In a press release, the CME group, the world’s main derivatives market, introduced that it plans to launch Solana (SOL) futures on March 17, topic to regulatory approval. Market members will be capable to commerce each a micro-sized contract (25 SOL) and larger-sized contract (500 SOL).
Talking on this growth, the CME Group’s International Head of Cryptocurrency Giovanni Vicioso mentioned,
With the launch of our new SOL futures contracts, we’re responding to rising consumer demand for a broader set of regulated merchandise to handle cryptocurrency value danger. As Solana continues to evolve into the platform of selection for builders and traders, these new futures contracts will present a capital-efficient device to help their funding and hedging methods.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated matters that lower throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying essentially the most technical ideas and making it straightforward for crypto newbies to grasp. Away from writing, He’s an avid basketball lover and a part-time degen.
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